First Federal Bank Blog

A durable power of attorney is a powerful and important tool for estate planning. It is, however, only one of four main types of powers of attorney. Before exploring what makes the durable power of attorney unique, it’s important to understand the other options.

No matter the state of your finances, it’s important to think about what will happen to your accounts if you pass away unexpectedly. After all, this could have a major impact on the well-being of your family. One of the things you can do to help secure their future is to set up beneficiaries.

Whether you’re great at managing your money or find it challenging, there is an easy way to accelerate your savings goals while staying on top of routine expenses - establish two different accounts for your spending and savings.

A friend or family member asking for a loan can be an uncomfortable situation. On the one hand, saying no to a trusted loved one who has asked for help is difficult. On the other, saying yes could result in a number potential issues, including the very real possibility that your money will never be paid back. It can be difficult knowing how to...

Money management is a complicated subject even adults can experience trouble mastering. So, it’s understandable if the prospect of teaching your kids about money might not be your favorite parental to-do. Start simply with a certificate of deposit to teach your kids the fundamentals of saving money.Set up an accountA drive-thru or online field...

Knowing your credit score is the first step to securing a loan for a new car, starting your own business, or taking out a mortgage. With everything available online these days, checking your credit score is easier and more convenient than ever — as long as you know where to look.Credit report vs. credit scoreOne of the best ways to stay up to date...

Before you drop your check register in the trash and rely on your smartphone, consider these reasons to keep the records around.

Navigating the car buying process can feel overwhelming, confusing and inaccessible for many people. One of the most complicated parts of the experience can be trying to parse out how to get the best deal on a car that suits your needs. Since the majority of buyers don’t have enough money on hand to pay for a car in full, two of the most popular...

Purchasing a new car is an exciting and tumultuous experience. It’s easy to feel overwhelmed as you go through the process of choosing your new vehicle and applying for a loan that won’t leave you in the red as you pay it off. Thankfully, there are a few easily-avoided pitfalls that can save you money and stress.

Are you looking to cut down your gasoline budget? Modern hybrids offer excellent fuel efficiency alongside space, style and luxurious amenities. However, it’s important to understand a few key differences between traditional vehicles and their electrified counterparts. Here’s a look at five factors to consider before you sign on the dotted line...